2731 State Road 557, photo 1
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Overview

4 bd3 ba3,269 sqft4 car garageSingle Family
TypeSingle Family
HOANone listed
Built1978
Lot52,825 sqft
Living area3,269 sqft
Price / sqft$208
Garage4 car

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About this home

Ceiling Fans(s)Eat-in KitchenPrimarybedroom UpstairsSolid Surface CountersLightingPrivate MailboxDishwasherRange

2731 State Road 557 is a 1978-built home in Lake Gum Estates, Lake Alfred. Inside you'll find 4 bedrooms, 3 bathrooms, and 3,269 square feet of living space. Listed at $680,000 (about $208/sqft), 143 days on market. Flood zone X,AE - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Experience the kind of lakefront living that rarely becomes available — over 150 feet of direct frontage on Lake Gum, more than 1.2 acres of land, a private dock, detached workshop, and breathtaking sunset views all wrapped into one incredible property. From the moment you arrive at 2731 State Road 557, the setting immediately stands out with its expansive lawn, long driveway, mature landscaping, and commanding lake views stretching across the backyard. Designed for both everyday living and entertaining, this custom home offers 4 bedrooms, 3 full bathrooms, multiple living spaces, and a layout that captures the beauty of the lake from throughout the home. The family room is filled with character featuring exposed wood beams, rich brick accents, a wood-burning fireplace, and large sliding glass doors that frame the water beyond. The kitchen offers wood cabinetry, granite countertops, stainless steel appliances, and generous prep and storage space while opening naturally into the main living areas. One of the standout features of the property is the massive screened-in back porch overlooking the lake — an incredible space for entertaining, relaxing, or simply taking in the peaceful waterfront setting and spectacular sunset views that paint the sky across Lake Gum in the evenings. Just beyond the porch sits your private dock with covered seating, creating the ultimate setup for boating, fishing, sunset cruises, or enjoying the true Florida lake lifestyle. The property also includes a large detached garage/workshop that provides endless flexibility for hobbies, storage, lake toys, vehicles, RVs, boats, or even a potential workshop space. The oversized lot offers an incredible amount of usable yard space rarely found on lakefront homes, creating room to spread out and fully enjoy the property. Additional features include a whole-house generator, spacious indoor living areas, a bonus/game room, a 2-car attached garage, and ample parking for guests and recreational vehicles. Conveniently located near Interstate 4, this property offers easy access to both Tampa and Orlando while still maintaining the privacy and tranquility of lakefront living. Properties offering this combination of acreage, true lake frontage, usable outdoor space, private dock, detached workshop, and convenient Central Florida location rarely become available. This is more than just a home — it is a lifestyle property built around space, privacy, and waterfront living.

The essentials

Built
1978
Price / sqft
$208
On market
143 days
Annual tax
$6,325
Flood zone
X,AE · Low risk
Lot
52,825 sqft
Type
Single Family Residence

At a glance

Single family
Built 1978
Waterfront
Lake Front
4 car garage
Circular Driveway
1.21 acres
Lot size
3,269 sqft
Living area

Payment

Est. monthly payment
$4,413/mo
Down payment (20%)
$136,000
Property taxes
$527/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1978
Lot
52,825 sqft
Cooling
Central Air
Heating
Central
Parking
Circular Driveway, Driveway, Garage Door Opener
Waterfront
Lake Front
Days on Market
143
Ceiling Fans(s)
Eat-in Kitchen
Primarybedroom Upstairs
Solid Surface Counters
Lighting
Private Mailbox
Dishwasher
Range
Flood Zone X,AE
Annual Tax (2025)
$6,325
Parcel #
26-27-17-000000-041010

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Lake Gum Estates
County
Polk
MLS Area
33850 - Lake Alfred
Lot Size
52,825 sqft

Price history

Date
Event
Price
9/30/2026
Price change
Source: Stellar MLS #L4962081
$680,000-2.9%
$208/sqft
-
Price change
Source: Stellar MLS #L4962081
$699,999-6.7%
$214/sqft
5/21/2026
Listed for sale
Source: Stellar MLS #L4962081
$749,900
$229/sqft

Neighborhood

2731 State Road 557
Lake Alfred, FL, 33850 · 33850 - Lake Alfred

Market insights

Offer Insights

Choose an offer strength

List price: $680,000
$675,000 – $680,000
99.5% – 100% of listTops out right at the list price
80% of listList price
60 of the last 101 home closings in 33850 landed at this number or higher (59%). The median one sat 64 days before it went under contract, and this one is on day 143 after a $69,900 cut.

Sample: 101 closed home sales in 33850 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$4,414/mo
Principal & interest$3,546
Property taxes$527
Insurance$340
Down payment20% · $136,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$680,000

$208 per sq ft

Beds and baths

4 beds, 3 baths

Size

3,269 sq ft

Time on market

143 days

Year built

1978

Monthly payment

About $4,413/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $6,325 annual tax bill, insurance.

Flood zone

Zone X,AE

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Brokered byTHE MARKET REALTY COMPANYListing agent: Vikki ThielenListing data from Stellar MLS, MLS# L4962081.

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